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Vela Minerals Ltd. > Arbor Metals Secures Miller's Crossing Lithium Project, Neva

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Post by sueron on Oct 11, 2021 10:20am

Arbor Metals Secures Miller's Crossing Lithium Project, Neva

Not saying to buy or sell..

Arbor Metals Secures Miller's Crossing Lithium Project, Nevada USA

(via TheNewswire)

Vancouver, Canada - TheNewswire - October 10th, 2021 -Arbor Metals Corp. (the “Company”) (TSXV:ABR) (FWB:432) announces that, through it’s wholly-owned subsidiary Arbor Metals USA Corp., it has secured 100% ownership of the Miller’s Crossing Lithium Project, Big Smoky Valley Nevada USA. The Miller’s Crossing project consists of 192 claims covering 3,800 acres in the Big Smoky Valley. The Project fits well into the playa-type brine deposit model as it is located adjacent to, and shares geological similarities with Clayton Valley, home to the only lithium producing brine operation in North America. A playa is an internally drained brine deposit, the surface of which is primarily composed of silts ad clays in which lithium can accumulate from the surrounding source rocks during successive evaporation and concentration events. Evaluation of surrounding gravity data has led to the hypothesis that the Big Smoky Valley has been in-filled with an estimated 2,000 – 2,500 meters of alluvial fill and many have the potential to host a significant lithium deposit.

The Big Smoky Valley is located immediately north of the Clayton Valley, home to Albemarle’s Silver Peak Lithium Mine (in continuous operation since 1967). The Miller’s playa is approximately 40 kilometers north of the Silver Peak mine. The principal target at the Project is a large northeast trending gravity low anomaly which is suggestive of an in-filled basin. The Big Smoky Valley was investigated with regional reverse circulation (RC) drilling by the United States Geological Survey (USGS) and anomalous lithium values were encountered in the basin sediments. The quality and concentrations of lithium brines discovered in the Clayton Valley may be present in the Big Smoky Valley.

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Arbor Metals USA Corp. secured 100% of the Miller’s Crossing Lithium Project directly from Bureau of Land Management.

Peter Born, is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.